Credit Suisse, in a new report released on Wednesday, warned Australian banks not to lower their lending standards for home loans to make up for the flat growth of lending across the banking industry,. full story ![]()

Big Wall Street banks and consumer advocacy groups like the Center for Responsible Lending don’t agree on much. But recently, these strange bedfellows have been brought together by their opposition to new rules governing mortgage-underwriting standards that have already been issued or are set to be issued by the Consumer Financial Protection Bureau (CFPB) in the coming...
time.com (27 days ago)
Timothy P. Carney I’m not one for telling banks whom they can and cannot lend to - except for when those loans are guaranteed by U.S. taxpayers.Read more on WashingtonExaminer.com
washingtonexaminer.com (13 hours ago)

THE competition watchdog has given the all clear to the Commonwealth Bank to seize control of mortgage broker Aussie Home Loans.
news.com.au (2 months and 5 days ago)
Pennsylvania banks participating in the U.S. Treasury's Small Business Lending Fund increased their loans to small businesses by more than $445.4 million.
phillyburbs.com (1 month and 18 days ago)

Let's start with a simple question. If British banks are required to hold more capital to support their present level of lending, are they likely to increase or decrease their loan book? The answer is obvious enough. They are not likely to increase their loans and there will be pressure on them to reduce lending. Ah, but they will not be allowed by the authorities to cut...
independent.co.uk (1 month and 26 days ago)

Paul Reilly, chief executive of Raymond James Financial, says looser standards have emerged 'because there is so much cash and [financial institutions] are trying to make loans, especially for the big credits'
financialpost.com (13 days ago)
Some of the nation’s largest banks are providing short-term loans with interest rates of up to 300 percent, driving borrowers into a cycle of debt, according to a new report from the Center for Responsible Lending. Read full article >>
washingtonpost.com (2 months and 5 days ago)

THE Reserve Bank has warned of declining credit standards in the top-end corporate market due to Asian competition.
news.com.au (1 month and 26 days ago)
NEW YORK (TheStreet) -- The Obama administration is pushing banks to extend mortgages to more borrowers, arguing that credit standards have become overly tight in the wake of the crisis. The Washington Post reported last week that officials are urging banks to use "subjective" judgment in making loans even as they adhere to new rules defining quality loans. At a recent...
thestreet.com (1 month and 11 days ago)
Only a few banks have loosened mortgage lending standards over the past three months, according to the latest quarterly survey of senior loan officers.
marketwatch.com (17 days ago)
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